How Much Should You Budget for an Engagement Ring?

Have you found the perfect girl to make your life complete? Have you fallen in love with a woman that truly makes your heart flutter every time she steps into the same room as you? Do you want to ask this gorgeous creature for her hand in marriage?

If you’ve finally found the love of your life, you shouldn’t wait to get engaged. You should let her know how you feel immediately and come up with an amazing, exciting, ecstatic proposal. And while you’re at it, you better get her the best engagement ring you can afford!

Speaking of affording an engagement ring, you may be wondering how much you need to spend in order to get her a great ring at an affordable price. Conventional wisdom is a little bit uncertain at times as to how much you should spend for this precious ring. But ultimately, many people will tell you to save up for three months and spend that amount on the engagement ring you plan to buy for your better half.

So, there’s one way to go about budgeting for an engagement ring. We’d like to give you a few other options to help you expand your horizons and think outside the box.

Have You Considered How Much You’d like to Pay for an Engagement Ring?

Nobody ever said you had to follow the crowd and do what everybody else is doing. You do not have to spend three months’ worth of your salary on an engagement ring if it’s not the right thing for you to do. Instead, I have a different method that I like to share with guys to help them figure out how much to spend on a ring.

You can do this one of two ways. You can go to a local jewelry store and look at the various engagement rings they have on display. Or you can go online to your favorite engagement ring website and check out their stock and prices.

Either way, you need to focus on the rings and prices and see if anything really jumps out at you. You may already have a price point in the back of your mind that you know you can afford. So looking at these rings and the prices will possibly help solidify your answer and make you realize that it’s the best amount to pay based on your personal financial situation.

Ask for Help from Her Family Members and Friends

I’m not saying you should ask them to give you money to pay for the ring. Oh no! That would be suicide!

No, you should ask them how much they think you should pay for the ring. Or at least ask them to tell you about the kind of ring they think she’d love as an engagement ring. Once you get their input, you can begin shopping around for the ring they described and who knows, maybe you’ll find it at a discount somewhere along your travels.

Conclusion

Take heed and use this expert guidance to budget for and buy the ideal engagement ring for the woman you love.